According to PiperJaffray, a US based investment bank and asset management firm, US teens prefer Instagram over Facebook and Twitter. PiperJaffray’s report says 30% of US teens surveyed said Instagram was their number one most important social network.

25% nominated Facebook as the most important social network, while 27% said Twitter was – which some analysts and industry observers might want to pay attention to, given the recent concerns about Twitter’s growth and usage.

On the topic of growth, Statista has noted that in the same survey last year Facebook has lost popularity among younger audiences with 33 percent of teens had naming it as their favourite social network just 12 months ago.